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November 2009 Real Estate Market Snapshot for Sisters, Oregon

By
Real Estate Agent with Cascade Sotheby's International Realty

November 2009 Real Estate Market Snapshot for Sisters, OregonIn November, perhaps the most notable aspect of the Sisters real estate market was that the median sales price for Active Single Family Residence listings reached its lowest point this year: $389,000. The median sales price of Active SFR listings peaked in June, at $492,500.

Meanwhile, the median sales price for Active Residential With Acreage listings decreased from $736,500 in October to $699,000 in November, after an annual high of $797,000 in August (and some pretty broad fluctuations in between).

Sales this month slowed a bit, down from 19 pending and closed sales in October to 14 pending and closed sales in November. And, once again, inventory was down slightly, from 180 Active listings in October to 176.

Here are a few November highlights of the Sisters real estate market:

LISTING ACTIVITY
Active Residential Listings in Sisters:
  176 (99 Single Family Residences; 77                
Residential with Acreage)
Contingent Residential Sales in Sisters:  0
Pending Residential Sales in Sisters:  4 (3 SFR; 1 RW)
Residential Sales in Sisters:  10 (7 SFR; 3 RW)
Average Days on Market:      222 days for Active SFR listings 
                                          258 days for Active RW listings 
                                          193 days for the SFR listings sold in October 
                                          280 days for the RW listing sold in October
                                             
Median Sales Price:             $389,000 for Active SFR listings 
                                         $699,000 for Active RW listings 
                                         $365,000 for the SFR listings sold in October
                                         $280,000 for the RW listings sold in October                                        

INVENTORY
Single Family Residence:  18-month supply (65 sales in the previous 12 months)
Residential with Acreage: 34-month supply (27 sales in the previous 12 months)

SALES PRICE:
Least-Expensive Single Family Residence Active Listing: $142,990
Least-Expensive Residential with Acreage Active Listing: $189,900
Most-Expensive Single Family Residence Active Listing: $1,325,000
Most-Expensive Residential with Acreage Active Listing: $4,900,000
Price Point with the Most Active Listings:  
                                                          SFR: $350,000-$399,999, (12 listings)
                                                          RW: $450,000-$499,000, $550,000-$599,999
                                                                 & $950,000-$999,999 (each w/7 listings)

 

If you're interested in studying the market in more depth, below are a number of charts that capture various aspects of the November Sisters real estate market in detail.

November 2009 Real Estate Market Snapshot for Sisters, Oregon 

 

November 2009 Real Estate Market Snapshot for Sisters, Oregon

 

November 2009 Real Estate Market Snapshot for Sisters, Oregon

 

November 2009 Real Estate Market Snapshot for Sisters, Oregon

 

November 2009 Real Estate Market Snapshot for Sisters, Oregon

 

November 2009 Real Estate Market Snapshot for Sisters, Oregon 

If you'd like to learn more about the Sisters real estate market, don't hesitate to email me at lisabroadwater@remax.net or call me toll-free at 866-963-2760.

 

About the Author:
Lisa Broadwater is a Central Oregon-based real estate professional who specializes in listing and selling homes, especially in Sisters, Tumalo, Redmond and Bend. If you'd like to learn more about Central Oregon, please visit www.CentralOregonHome4You.com.

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